Harris Broadcast has announced that it has completed the acquisition of Imagine Communications. It was first revealed on Dec. 4th, that Harris Broadcast had a definitive agreement to acquire Imagine Communications.
The acquisition expands Harris Broadcast’s current R&D and innovation initiatives and increases the company’s total global addressable market. Imagine Communications has invested more than 8 years in developing industry-leading technologies and its seasoned R&D team’s competencies in ABR, OTT and TV Everywhere bring significant value to Harris Broadcast.
“TV Everywhere is the future of our industry, and our customers are vigorously pursuing this path to expand their business models and improve the monetization of content across any screen,” said Charlie Vogt, CEO of Harris Broadcast. “The advanced Adaptive Bit Rate (ABR) technology created by Imagine combines quality, density and a small footprint to greatly leapfrog anything else on the market today and improves transcoding economics up to a factor of 10 over competing alternatives. Our content creator and content distribution customers, including cable, MSO and telecommunications service providers, will benefit significantly from end-to-end portfolio integration that establishes a clear pathway to linear and non-linear viewing parity across every screen.”
DTG Staff | 16.01.2014